What is "datebid"

DateBid is a social gaming and online dating application hosted on Facebook where participants bid for dates with other participants using "DateBid Fun Dollars." As other participants see bids posted they can post a challenging bid. Whoever bids the most wins a five-minute date set up via webcam, but the object is to see who can win the most dates and accumulate the most dollars.

According to AppData.com DateBid currently averages 24,000 active users a month.